Letter of Indemnification to Former Director

About this template:

This particular legal letter is used to assist in articulating the terms of a letter of indemnification. See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

LETTER OF INDEMNIFICATION Dear [CONTACT NAME]: For good and valuable consideration we [YOUR COMPANY NAME] hereby undertake and agree to indemnify and save harmless you and your heirs and legal representatives respectively from and against any Expenses (herein defined) incurred by you in respect of any action suit or proceeding brought commenced or prosecuted against you or to which you are made a party by reason of being or having been a director of [YOUR COMPANY NAME] and otherwise in connection with the execution of your mandate as a director of [YOUR COMPANY NAME] except such Expenses as are occasioned by your own fault.

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